ENCLOSED HEREWITH SCRUTINIZER REPORT FOR EGM HELD ON 02/05/2025
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Groarc Industries India Ltd (formerly Telesys Info-Infra (I) Limited) held an Extra-Ordinary General Meeting on 2nd May 2025 via video conferencing. The only item of special business was the re-appointment of Mr. Rajendhiran Jayaram (DIN: 01784664) as Whole Time Director for a 3-year term. Out of 2.05 crore outstanding shares, only 24.59 lakh shares (12.01%) were voted, with 99.97% voting in favour and just 500 votes (0.02%) against. Promoters and institutional holders did not participate in the voting — all votes came from public retail shareholders. The special resolution was passed with the requisite majority, as confirmed by scrutinizer CS Ramesh Chandra Mishra.
Mr. Rajendhiran Jayaram continues as Whole Time Director for another 3 years, giving leadership continuity. Low voter turnout (12%) and zero promoter participation may raise minor governance questions, but the overwhelming approval means no practical impact on shareholders or stock price.